Professor Sidney Winter, Deloitte and Touche Professor of Management , Emeritus at the Wharton School of the University of Pennsylvania, and currently the Michael Crouch Visiting Professor in Innovation and Entrepreneurship at the Australian School of Business discusses Economic Cassandras.
I have an even better suggestion. Get rid of the Federal Reserve, cut back all government in line with the most extreme minarchist or even anarcho-capitalist theory, and have sound money based on precious metals with an efficient economy based on savings and production instead of credit and consumption.
How does that sound? :-)
workreduction 2 years ago
Institutionalize it? Oh lordy... Oh yeah, the Fed, that would be good. Higher authority, sure thing... oh, and a nice strawman at the end. Good grief.
Capnwabbit 2 years ago
Why don't you just admit the Austrian School of Economics predicted it, simply by deduction? Schiff is famous for it but there's thousands of others.
Capnwabbit 2 years ago